This will be a deceptively informative week for financial markets.  The biggest consideration continues to be the exponential growth of covid cases in several states and the concern about exponential growth in other states.  While CA, FL, TX, and AZ are in the spotlight, other states that have begun to ease quarantine measures are worried they'll follow a similar path.  If they do, this would be the week where that would become more apparent.  The most logical result would be more "pulling back" in stock prices and bond yields.

Covid cases (and yes, the market is...